And sadly the neo-Keynesians are stupid enough to think that this process can create new wealth. Is a family any wealthier just because a husband gives $100 to his wife?
“Is a family any wealthier just because a husband gives $100 to his wife?”
Not in the ideal world of Obama. The family would be poorer because if we could do things the way Obama would like to see them done, the family would be out the income taxes the wife would have to pay on the $100 that her husband just gave her.